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Growth and Inflation Disparities in Corridor V

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  • Dino Martellato

Abstract

The paper offers a brief discussion about the role of transport infrastructure in the current growth strategy followed by the EU. As a corridor is the locus where transport infrastructure and growth should interact more effectively, the central part of Corridor V is considered as an interesting case study. A growth scenario for eight countries is provided to show that wide growth disparities are to be expected during the next decade. The final part of the paper speculates about inflation differentials that are likely to emerge when growth differentials tend to persist inside a monetary union. As the Euro zone will be enlarged to host fast-growers in Corridor V such as Slovenia (maybe as soon as 2007), Hungary and the Slovak Republic, growth differentials and the single monetary policy could make it difficult to deliver a common monetary environment.
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Suggested Citation

  • Dino Martellato, 2006. "Growth and Inflation Disparities in Corridor V," Transition Studies Review, Springer;Central Eastern European University Network (CEEUN), vol. 13(2), pages 299-310, July.
    • Handle: RePEc:spr:trstrv:v:13:y:2006:i:2:p:299-310
    DOI: 10.1007/s11300-006-0108-x
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    1. Roberto Ezcurra & Carlos Gil & Pedro Pascual & Manuel Rapún, 2005. "Public capital, regional productivity and spatial spillovers," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 39(3), pages 471-494, September.
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    More about this item

    Keywords

    growth; money demand; inflation; infrastructure; European Union; O47; E31; E47; H54;
    All these keywords.

    JEL classification:

    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E47 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Forecasting and Simulation: Models and Applications
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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